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Stocks Skid 2%; Dow Dives 300, S&P Below 1400
CNBC ^ | 11/7/12 | JeeYeon Park

Posted on 11/07/2012 8:37:31 AM PST by madison10

Stocks took a sharp nosedive across the board Wednesday in the wake of President Barack Obama's re-election, triggered by worries over the looming "fiscal cliff" and as fears over Europe's economy reemerged.

The Dow fell below 13,000, while the S&P 500 traded under 1,400 for the first time since early September...

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: finance; freefall; stocks
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1 posted on 11/07/2012 8:37:36 AM PST by madison10
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To: madison10

Not to be nasty...well, yes, to be nasty. Zero2Neros:See what happens when you vote for a guy who doesn’t have a clue?


2 posted on 11/07/2012 8:39:16 AM PST by madison10
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To: madison10

James River Coal down 24%

Hope you coal people in Ohio and PA are happy...those of you who stayed home or voted for zero.


3 posted on 11/07/2012 8:40:00 AM PST by AdamBomb
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To: madison10

-355 atm


4 posted on 11/07/2012 8:40:30 AM PST by ZX12R (FUBO GTFO 2012 !)
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To: madison10

Remember the infamous phrase.... “do not let a crises go to waste.”


5 posted on 11/07/2012 8:40:35 AM PST by oiler (Reagan Republicans unite. Hobbits in 2012. FlatTax is a fair tax.)
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To: madison10

Obama built this


6 posted on 11/07/2012 8:42:00 AM PST by bigbob
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To: madison10

Good. Let it crash.


7 posted on 11/07/2012 8:42:05 AM PST by GnL
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To: madison10

“ After We Win This Election, It’s Our Turn. Payback Time. Everyone not with us is against us and they better be ready because we don’t forget. The ones who helped us will be rewarded, the ones who opposed us will get what they deserve. There is going to be hell to pay. Congress won’t be a problem for us this time.”


8 posted on 11/07/2012 8:44:04 AM PST by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: madison10

Yeah, the market reacts for a day. Tomorrow it’s back up.

Obviously I don’t understand the market, but it seldom seems to react as it “should”.


9 posted on 11/07/2012 8:44:32 AM PST by brownsfan (It's over.)
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To: madison10

I’m sure obamas on it. If I didn’t have money in it I would say let it crash.


10 posted on 11/07/2012 8:44:38 AM PST by linn37 (Newt supporter here.)
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To: madison10

"Fasten Your Seatbelts, We're Going to Have a Bumpy Ride"


11 posted on 11/07/2012 8:45:11 AM PST by COBOL2Java (The GOP-e said "Beat a Marxist with a Liberal!" What a colossal blunder.)
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Obamacare stocks rally
http://buzz.money.cnn.com/2012/11/07/obamacare-stocks-hospitals/?iid=HP_LN


12 posted on 11/07/2012 8:45:37 AM PST by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: madison10

Wait till the Obozo voters see their 401Ks today. Pardon me while I engage in some schadenfreude.


13 posted on 11/07/2012 8:46:10 AM PST by Schatze (It's better to keep your mouth shut and appear stupid than to open it and remove all doubt.)
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To: AdamBomb

Cha-ching.

The idiocy of Ohio, Pennsylvania and Iowa astounds me every election.

New York and the rest of the Northeast along with California I expected to be stupid.

But these others, incredible.

It no longer matters though. They have finished America off.


14 posted on 11/07/2012 8:47:49 AM PST by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: madison10

The quotes below were @ 8:41 PST:

Dow -2.53%

Nasdaq -2.56%


15 posted on 11/07/2012 8:47:54 AM PST by Grampa Dave (We are the 53%, who pay taxes and keep this country going inspite of the 47% rat moochers!)
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To: Grampa Dave

And Treasury yields dropped giving the gov’t reason to borrow MORE.

http://confoundedinterest.wordpress.com/2012/11/07/autumn-leaves-mortgage-applications-drop-5-dow-drops-340-points-10-year-treasury-yields-up-11-bps/


16 posted on 11/07/2012 8:49:56 AM PST by whitedog57
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To: madison10

Oh well


17 posted on 11/07/2012 8:50:22 AM PST by snarkytart
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To: whitedog57

Down we go. Glad I sold at the start of October.


18 posted on 11/07/2012 8:51:35 AM PST by JCBreckenridge (Texas, Texas, Whisky)
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To: listenhillary
Forgot about that quote. Probably explains Boehner's reaction today: Boehner offers congratulations to Obama.
19 posted on 11/07/2012 8:52:23 AM PST by COBOL2Java (The GOP-e said "Beat a Marxist with a Liberal!" What a colossal blunder.)
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To: Schatze

More voters in the swing states of Florida, New Hampshire, Ohio and Virginia blame George W. Bush than Barack Obama for the state of the U.S. economy.

According to early exit polls in Florida, 53% of today’s voters say Bush is more to blame for the country’s current economic problems while 41% say Obama.

In New Hampshire, exit polls show 54% blame Bush while 41% blame Obama.

There’s less of a gap in Ohio and Virginia. In both states, 50% of today’s voters say Bush is more to blame for the country’s current economic problems. In Ohio, 41% say Obama is more to blame and in Virginia 45% say Obama.

http://politicalticker.blogs.cnn.com/2012/11/06/exit-polls-top-issues-for-voters/

Drudge Headline right now - OWN IT


20 posted on 11/07/2012 8:53:39 AM PST by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: brownsfan

That’s because the market is completely disconnected from reality.

Like you said, today’s losses will be erased by tomorrow’s gains - and perhaps even surpassed. And the mainstream media, no doubt, will proclaim this as another sign that Obamao has inspired confidence in people everywhere.


21 posted on 11/07/2012 8:55:49 AM PST by Cato in PA (May America reap the rotten fruit of the demon seed it's sown.)
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To: COBOL2Java
Image Hosted by ImageShack.us
22 posted on 11/07/2012 8:56:12 AM PST by cripplecreek (What does it profit a man if he gains the whole world but loses his soul?)
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To: whitedog57

Next support is at 12.8k, and we’ll be back down to July’s numbers.


23 posted on 11/07/2012 8:57:03 AM PST by JCBreckenridge (Texas, Texas, Whisky)
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To: listenhillary

......And in turn, you will pay dearly for this by launching the second American civil war in response back by those whom you will try to seek revenge to who are not for you.


24 posted on 11/07/2012 8:58:17 AM PST by Biggirl ("Jesus talked to us as individuals"-Jim Vicevich/Thanks JimV!)
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To: madison10

Apple is now in bear market territory, down more than 20%. Our nation is mathematically challenged.


25 posted on 11/07/2012 8:58:45 AM PST by gotribe (He's a mack-daddy http://www.youtube.com/watch?v=AV415yit7Zg)
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To: madison10

The Washington Post has an article on the fall. It’s blaming it on Europe. Yeah, because last night’s election had nothing to do with it.

http://www.washingtonpost.com/business/dow-jones-industrial-average-falls-200-points-after-europe-slashes-economic-growth-forecast/2012/11/07/33242f9c-28e9-11e2-aaa5-ac786110c486_story.html


26 posted on 11/07/2012 8:59:29 AM PST by cdga5for4
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To: oiler

"Remember the infamous phrase.... “do not let a crises go to waste.”

Yep. Just watch: the leftists are going to be salivating over a new opportunity to fully nationalize the banks, and impose severe controls over the free-market...

27 posted on 11/07/2012 9:00:18 AM PST by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: AdamBomb

Especially 0bama’s union thugs who destroyed or didn’t count Romney ballots last night. Lower turnout than for McCain in 2008?? Seriously? Do I believe that? HELL NO, Not for ONE second.


28 posted on 11/07/2012 9:02:12 AM PST by Obama_Is_Sabotaging_America
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To: madison10

Wait until the crash in a month or two.

Christmas shopping? Nope. Let the DimRat seasonal retail workers starve.


29 posted on 11/07/2012 9:02:12 AM PST by Windcatcher (Obama is a COMMUNIST and the MSM is his armband-wearing propaganda machine.)
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To: GnL

If there were some way I could help kick it over the cliff, I would.


30 posted on 11/07/2012 9:03:13 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: Qbert

You left out banning guns.

It’s time to stock up on ammo and weapons. Prices on guns are going up as we speak. Get them now or never!


31 posted on 11/07/2012 9:03:25 AM PST by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: Grampa Dave

I bet the Dow goes down 500-600 by the end of the day.


32 posted on 11/07/2012 9:03:56 AM PST by Schatze (It's better to keep your mouth shut and appear stupid than to open it and remove all doubt.)
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To: madison10
"No coal for you...not one single piece and I don't care if you freeze."

Ebenezer 'Obama' Scrooge

33 posted on 11/07/2012 9:04:11 AM PST by JPG (Make it happen)
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To: cdga5for4

The administration did ask the EU to not make any alarming moves regarding Spain and Greece. I think they complied and today is the day Greece was forced to vote on more austerity plans.


34 posted on 11/07/2012 9:04:55 AM PST by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: madison10

Watch King Obama will throw billions at the market and it will come back. That will be the biggest bailout in history. Just thinking. I know, it cannot happen but I don’t trust that lying piece of garbage.


35 posted on 11/07/2012 9:05:11 AM PST by Logical me
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To: madison10

“Not to be nasty...well, yes, to be nasty. Zero2Neros:See what happens when you vote for a guy who doesn’t have a clue?”

He has a clue. He wants this.


36 posted on 11/07/2012 9:05:27 AM PST by ari-freedom
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To: madison10

Wonder how much Soros is making off the dive? and how long will it last.
With the election over wonder when a run on the banks start??.


37 posted on 11/07/2012 9:08:31 AM PST by Vaduz
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To: Logical me

Well, at least we won’t have to worry about hyperinflation any time soon.

All the printing of dollars doesn’t translate into inflation until it starts moving and demanding goods.

Food and gas, though, are going to get pricey.


38 posted on 11/07/2012 9:09:22 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: MrB

If I had my way
If I had my way in this wicked world
If I had my way
I would tear this old building down
— Rev Gary Davis


39 posted on 11/07/2012 9:10:16 AM PST by ClearCase_guy (Global Warming is a religion, and I don't want to be taxed to pay for a faith that is not mine.)
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To: madison10

Obama EV 300+ ==> DOW -300 and more.


40 posted on 11/07/2012 9:13:57 AM PST by mikrofon (+ Prayers for America +)
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To: madison10

There was no reason for it to be this high anyway. Zero’s Wall Street cronies kept it up going into the election to preserve his victory.


41 posted on 11/07/2012 9:17:35 AM PST by Rockitz (This is NOT rocket science - Follow the money and you'll find the truth.)
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To: Grampa Dave

” Dow -2.53%

Nasdaq -2.56%”

Just the very beginning.

Time to “short” coal mining jobs....


42 posted on 11/07/2012 9:17:51 AM PST by stephenjohnbanker ((God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.))
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To: GnL

Screw you.


43 posted on 11/07/2012 9:18:07 AM PST by Gator113 (I would have voted for NEWT, now it's Romney & Ryan.~Just livin' life, my way~)
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To: madison10

.... Looks a lot more like a combination of a couple things ... Reaction to the European financial flare up and also investors moving their money around to safer investments as a result of the election. Probably recover some before the day is finished as the money being moved around finds it mark.


44 posted on 11/07/2012 9:18:32 AM PST by R_Kangel ( "A Nation of Sheep ..... Will Beget ..... a Nation Ruled by Wolves.")
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To: madison10

Next stop......Depression.


45 posted on 11/07/2012 9:18:32 AM PST by Rockitz (This is NOT rocket science - Follow the money and you'll find the truth.)
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To: madison10

Well, NO F***ING KIDDING!!! Boy, I sure didn’t see THAT coming!!/sarcasm


46 posted on 11/07/2012 9:21:07 AM PST by Frank_2001
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To: Windcatcher
Christmas shopping? Nope. Let the DimRat seasonal retail workers starve.

Yep. I'm baking goodies (food is not taxed) for adults, and giving cash to my kids with the warning to stash it, because they're going to need it later. They're pretty good at taking our advice.
We're no help to the SEIU members (on purpose). They can have the trash can leftovers for Thanksgiving dinner. They're jobs are not my problem.

47 posted on 11/07/2012 9:21:11 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: madison10

BHO: “the best is yet to come....”


48 posted on 11/07/2012 9:22:18 AM PST by oiler (Reagan Republicans unite. Hobbits in 2012. FlatTax is a fair tax.)
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To: brownsfan
Yeah, the market reacts for a day. Tomorrow it’s back up.

Obviously I don’t understand the market, but it seldom seems to react as it “should”.


In banana republics, numbers do not mean what you think they mean.
49 posted on 11/07/2012 9:22:25 AM PST by jjsheridan5
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To: madison10

Excellent! The greedy rich and the evil corporations are experiencing the "best revenge" of our vote! Happy days are here again!

/sarc
50 posted on 11/07/2012 9:22:33 AM PST by newgeezer ("... no authority except from God, and the authorities that exist are appointed by God." --Rom. 13:1)
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